Falling Scrap Steel Prices Create Challenges for...
China News
September 27, 2024
Chinese recyclers are facing mounting pressure as scrap steel prices continue to decline, impacting their profitability and operations. The recent drop in prices has been attributed to a combination of oversupply in the market and reduced demand from steel mills, leading to tighter margins for recycling companies. Many recyclers are now grappling with the decision to either cut costs or seek new markets to sell their materials.